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20 April 2018 3:56 AM Edcon moves to a decentralised model

Johannesburg – Retailer Edcon has confirmed that the group does not plan to list on the JSE anytime soon. On Thursday the group's CEO Grant Pattison said it is up to the shareholders, and not the business executives to decide when the group will be listed. However, this is not one of its short- term goals. The group released its growth strategy for the year ahead 24

18 April 2018 11:49 AM Private pensions index shows increased need for govt assistance

Cape Town - While the number of private pensioners grows, the total pensionable population in SA is growing faster, resulting in an increased need for government’s social assistance, according to economist Mike Schüssler. Commenting on the latest BankservAfrica Private Pensions Index (BPPI) released by BankservAfrica and Economists.co.za on Tuesday 29

17 April 2018 3:12 PM Curro expands its Gauteng footprint

Johannesburg – Independent education provider Curro Holdings Limited [JSE:COH] has expanded its reach in Gauteng by acquiring Cooper College and Magic Beings Crèche. The company confirmed on Tuesday that the sales agreement to acquire 100% of the share capital of Cooper College was finalised on April 3. The “acquisition is aligned with Curro’s intention 25

16 April 2018 1:42 PM Consol aims to raise R3.5bn in IPO

Johannesburg – Glass packaging manufacturer Consol Holdings Limited on Monday said its initial share offer price would be between R1.50 and R6.50 per share when it lists on the JSE on May 4. A total of 761 million ordinary shares, or 34.2% of all the shares it intends to issue, would be traded though private placement, raising up to R3bn. Consol said it would 27

16 April 2018 9:11 AM AS IT HAPPENED: Investigations into Winnie 'took place at behest of Tony Leon'

Mufamadi: "Hank Heslinga was seconded to the Goldstone Commission, unsolicited by the police. Of course they accepted him, but some credibility issues arose, as a result of which the commission said, 'Well, you gave us this man, unsolicited, thank you very much, you can have him back'. You can talk to Goldstone, he's still alive." "I'm sure they (the documentary 30

13 April 2018 8:17 AM Trematon warns of 85% plunge in earnings

Cape Town - Investment holding company Trematon [JSE: TMT] has warned of an 85% plunge in earnings for the six months to February 28. “Shareholders are advised that Trematon’s earnings per share for the 6-month period ended 28 February 2018 will decrease by approximately 85% and headline earnings per share will decrease by approximately 150% from the previous 20

11 April 2018 4:50 PM Steinhoff freeing up 200 million shares in STAR to refinance its debt

Cape Town – As part of efforts to refinance its debt, Steinhoff [JSE: SNH] will sell off 200 million of its shares in Steinhoff Africa Retail (STAR). This is 6% of its stake in the company. According to a notice issued to shareholders on Wednesday afternoon when markets closed, the decision is in line with intentions that were announced in a quarterly 27

10 April 2018 6:39 PM ICC publishes full findings of Rabada appeal

Cape Town - The heated South Africa and Australia Test series is a thing of the past, but the ICC on Tuesday released the full findings of Kagiso Rabada's appeal hearing that took place halfway through the series. Rabada had been suspended for two Test matches following a highly-scrutinised shoulder brush with Australian captain Steve Smith in Port Elizabeth 29

10 April 2018 9:39 AM Car sales: South African vehicle exports show significant growth

Johannesburg - Although South Africa has seen its share of economic hard ships in the last several years, the Automotive Industry on the other hand increased exponentially since 1994. Lightstone, a company synonymous for extracting valuable analytics and providing directions on strategic operational decisions, has calculated vehicle exports for South 38

09 April 2018 1:19 PM Saftu submits first parliamentary objection to minimum wage

Cape Town - The parliamentary committee on labour has accepted the submission by the South African Federation of Trade Unions (Saftu) on both the minimum wage and proposed amendments to the labour laws. The minimum wage was initially supposed to be introduced on May 1. However, this has been delayed. It is understood that a number of labour and human 23